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Differentiate between formal and informal organization on the basis of the following:
Nature
Concept: Structure of Organisation
Answer the following question.
Voltage fluctuations have been common and quite high in India. They harm our electrical appliances like televisions, refrigerators, and air conditioners, often leaving them in a permanently damaged condition. N-Guard Company decided to manufacture stabilizers for North India where the voltage fluctuation ranges from 220 V to 230 V. Once the demand for North India was taken care of, they decided to launch stabilizers of varying voltages from 90 V – 260 V for meeting the requirements of voltage fluctuations in other regions of India also. Three engineers were appointed for South, West and East regions of India, as the voltage was different in all the three regions.
Though all the engineers were appointed to manufacture stabilizers but the product differed from region to region.
(a) Identify the organisational structure of the N-Guard Company.
(b) State any two advantages and two limitations of the structure identified in the above para.
Concept: Structure of Organisation
How is training in an organisation beneficial ‘for employees’? State by giving any four reasons.
Concept: Aspects of Staffing > Training and Development
Explain 'Internship' as a method of training.
Concept: Methods of Training
Answer the following question.
State 'Job Enrichment' and 'Employee Participation' as non-financial incentives. How do they motivate employees?
Concept: Motivation> Financial and Non-Financial Incentives
State the role of 'Speed Boss' in functional foremanship.
Concept: Functions of Management >> Controlling
Name and state the aspect of financial management that enables to foresee the fund requirements both in terms of 'the quantum' and 'the timings'.
Concept: Concept of Financial Planning
Explain the following as factor affecting the requirements of fixed capital:
Scale of operations
Concept: Fixed Capital
Explain the following as factor affecting dividend decision:
Stability of earnings
Concept: Financial Decisions> Financing Decision
Explain the following as factor affecting dividend decision:
Growth opportunities
Concept: Financial Decisions> Financing Decision
Explain the following as factor affecting dividend decision:
Cash flow position
Concept: Financial Decisions> Financing Decision
Explain the following as factor affecting dividend decision:
Taxation policy
Concept: Financial Decisions> Financing Decision
Explain the following as factors affecting the requirements of working capital:
Nature of business
Concept: Fixed Capital
Explain the following as factors affecting the requirements of working capital:
Seasonal factors
Concept: Fixed Capital
Explain the following as factors affecting the requirements of working capital:
Production cycle
Concept: Fixed Capital
Answer the following question.
Give the meaning of Financial Management.
Concept: Concept of Financial Management
Sanchit, after completing his entrepreneurship course from Sweden returned to India and started a coffee shop 'AromaCoffeeCan' in a famous mall in New Delhi. The speciality of the coffee shop was the special aroma of coffee and wide variety of flavours to choose from. Somehow, the business was neither profitable nor popular, Sanchit was keen to find out the reason. He appointed Sandhya, an MBA from a reputed college, as a Manager to find out the causes for the same.
Sandhya took feedback from the clients and found out that though they loved the special unique aroma of coffee but were not happy with the long waiting time being taken to process the order. She analysed and found out that there were many unnecessary obstructions in between which could be eliminated. She fixed a standard time for processing the order.
She also realised that there were some flavours whose demand was not enough. So, she also decided to stop the sale of such flavours. As a result of a short period, Sandhya was able to attract the customers
Identify and explain any two techniques of scientific management used by Sandhya to solve the problem.
Concept: Concept of Marketing Management
'Beauty Products Ltd' is a natural and ethical beauty brand famous for offering organic beauty products for men and women. The company uses plant-based materials for its products and is the No. 1 beauty brand in the country. It not only satisfies its customers but also believes in the overall protection of the planet.
Identify the marketing management philosophy being followed by 'Beauty Products Ltd
Concept: Concept of Marketing Management
Answer the following question.
Give the meaning of 'Physical Distribution' as an element of the Marketing Mix.
Concept: Marketing Mix> Physical Distribution
Answer the following question.
What is meant by 'Marketing Management'?
Concept: Concept of Marketing Management
